Comment on Classifying Your Market Activity

manish kumar commented on 25 Aug 2018, 11:01 PM

I hv zerodha account. I buy a share and sell it after 1-2days. So is it
1. non-speculative business income OR of STCG ? As here it is written that ” there is no rule which quantifies ‘frequent’ “, So i am confused.
2. Which ITR should i fill?
3. Zerodha Tax P&L Report says:

INTRADAY/SPECULATIVE PROFIT₹-476.45
INTRADAY/SPECULATIVE TURNOVER₹5,143.15
SHORT-TERM PROFIT₹44,736.28
SHORT-TERM TURNOVER₹16,22,127.75

Is audit required ? or Showing 8% of 5,143.15 as MY INCOME will be good enough?

View the full comment thread »